Hangzhou Landscaping (SH:605303)2024-04-29 09:51Financial Performance - The company's operating revenue for Q1 2024 was CNY 136,686,698.90, representing a year-on-year increase of 57.51%[5] - The net profit attributable to shareholders was a loss of CNY 17,824,902.45, with a basic and diluted earnings per share of -CNY 0.11[5] - The net cash flow from operating activities was -CNY 62,425,038.97, indicating a significant cash outflow[5] - Total operating revenue for Q1 2024 reached ¥136,686,698.90, a significant increase of 57.5% compared to ¥86,781,071.65 in Q1 2023[22] - Net loss for Q1 2024 was ¥18,057,415.15, an improvement from a net loss of ¥23,074,558.59 in Q1 2023, reflecting a reduction of 21.9%[23] - Basic and diluted earnings per share for Q1 2024 were both -¥0.11, compared to -¥0.14 in Q1 2023[24] Cash Flow and Liquidity - The net cash flow from operating activities was -$62,425,038.97, an improvement from -$109,153,636.33 in the previous year[26] - The total cash inflow from investment activities was $191,028,606.46, while cash outflow was $451,010.36, resulting in a net cash flow of -$451,010.36 compared to $130,067,484.64 last year[26] - Cash inflow from financing activities amounted to $57,950,000.00, an increase from $48,100,000.00 in the previous year[26] - The net cash flow from financing activities was -$38,750,842.71, a decline from a positive $6,198,993.55 last year[26] - The net increase in cash and cash equivalents was -$101,626,892.04, contrasting with an increase of $27,112,841.86 in the previous year[27] - The ending balance of cash and cash equivalents was $144,493,835.10, down from $241,680,428.85 last year[27] Assets and Liabilities - Total assets decreased by 10.09% from the end of the previous year, amounting to CNY 2,387,917,973.03[6] - The company's cash and cash equivalents decreased to RMB 230,469,886.64 from RMB 359,023,252.71, representing a decline of about 35.8%[17] - Accounts receivable decreased to RMB 1,092,104,949.35 from RMB 1,219,881,940.26, a reduction of approximately 10.5%[17] - The total liabilities decreased to ¥1,179,535,473.54 in Q1 2024 from ¥1,423,789,579.34 in Q1 2023[22] - Total equity decreased to ¥1,208,382,499.49 in Q1 2024 from ¥1,232,023,604.53 in Q1 2023[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,018[10] - The largest shareholder, Hangzhou Yuanrong Investment Group Co., Ltd., holds 48.67% of the shares, with 78,471,600 shares pledged[11] Share Repurchase - The company has repurchased a total of 675,600 shares, accounting for 0.42% of the total share capital, with a total expenditure of RMB 5,583,048.00[14] - The maximum repurchase price was RMB 10.22 per share, while the minimum was RMB 6.39 per share[14] - The company plans to use its own funds to repurchase shares for employee stock ownership plans or equity incentives, with a total repurchase amount between RMB 5 million and RMB 10 million[13] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥147,924,914.21, up 41.8% from ¥104,291,465.07 in Q1 2023[22] - Research and development expenses for Q1 2024 were ¥3,325,115.07, down from ¥6,030,630.25 in Q1 2023, indicating a reduction of 44.8%[22] - The company paid $35,953,680.69 in employee compensation, up from $31,746,236.68 in the previous year[26] - Tax payments increased to $6,800,023.96 from $3,490,408.43 year-over-year[26] - Other cash payments related to operating activities decreased to $9,441,328.97 from $18,492,121.48[26] Other Financial Information - The company recognized non-recurring gains of CNY 1,039,662.97, primarily from government subsidies and financial asset disposals[8] - The weighted average return on equity was -1.47%, an increase of 0.2 percentage points compared to the previous year[5] - The company did not apply new accounting standards or interpretations for the year 2024[27]